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Mattel CEO Ynon Kreiz announces exit; Paramount-Warner Bros. role rumored

The Hollywood Reporter says Kreiz announced his exit from Mattel on September 30. Rumors suggest he may be heading to a top role at David Ellison’s Paramount-Warner Bros.

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14 Sources, 13h ago, first seen 13h ago

TLDR

The Hollywood Reporter reports that Mattel CEO Ynon Kreiz announced his exit on September 30. It says rumors suggest he may take a top role at David Ellison’s Paramount-Warner Bros.

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14 Sources, first seen 13h ago

1.1K likes67 comments188 saves199 reposts
Featured Source

Combined views

316.3K

14 Sources, first seen 13h ago

1.1K likes67 comments188 saves199 reposts

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14 Sources

@katie_robertsonNEWS: Condé Nast CEO Roger Lynch is stepping down after more than 7 years
@MarkStenberg3Breaking: Condè Nast CEO Roger Lynch is out at the company after seven and a half years, according to a memo he sent to employees this morning. He is leaving to become the new CEO of Mattel. Board member Mike Perlis will step in as interim CEO.
@brianstelterHere is Roger Lynch's memo about stepping down from Condé Nast: Dear all, I’m writing with bittersweet news. After seven and a half years as your CEO, I have made the very difficult decision to step down and help begin a leadership transition for the company. Soon, I’ll be joining Mattel as their new CEO. When I joined Condé Nast, I had the simple ambition to leave this extraordinary place stronger than I found it. Together, we navigated a pandemic, enormous disruption across our industry, and a media landscape that seemed to change beneath our feet every year. And yet, there is no doubt that we transformed Condé Nast for a new era. We brought our global businesses together, built a unified company, and strengthened our journalism and creative work. One of the big areas of opportunity I saw when I joined the company was to expand our consumer and events businesses. Those of you who have been with Condé Nast for these last seven years have heard me talk about this focus many times. I’m particularly proud of how far we’ve come in these areas: since 2020, revenue from commerce grew by 170%, digital subscriptions by 155%, and US tentpole events increased ninefold. Through all of it, what has remained constant is the exceptional work produced and the brilliant team that has made it possible. I’ve never been more inspired in my career than when I’ve been with you. One particular highlight was starting our Middle East operations in Dubai, our first new office in 16 years. As we close the third quarter, the company is on track for another year of revenue and profit growth. New initiatives around digital products like Vette and events like Vogue World will fuel continued success. I intend to do everything I can to ensure that trajectory continues. In fact, I’m thrilled that I will continue in a role as a member of the Condé Nast Board of Directors and remain deeply invested in the company and its future. The board will begin a search for Condé Nast’s next CEO, and in the meantime, Mike Perlis, our lead independent director, will serve as interim CEO. Having served on our board for almost eight years, he is deeply familiar with our business and will work closely with our experienced executive leadership team throughout the transition. With the strength of that leadership and our deeply committed teams around the world, I’m confident the company will continue to thrive. We will soon hold a company meeting where you’ll have the opportunity to meet Mike and hear more about the transition. For now, I simply want to say how grateful I am. I could not be more proud of what we have accomplished. I have every confidence in your ability to continue building on the foundation we have created together. My best, Roger
@VarietyMattel Hires Condé Nast’s Roger Lynch as CEO, Ynon Kreiz to Exit for New Job https://variety.com/2026/tv/news/mattel-ceo-roger-lynch-ynon-conde-nast-kreiz-1236893404/
@THRMattel CEO Ynon Kreiz May Be Heading to David Ellison's Paramount-Warner Bros. https://www.hollywoodreporter.com/business/business-news/david-ellison-names-ynon-kreiz-paramount-warners-1236716995/
@dollyknifeWhy do we find this out thru variety on a random ass wednesday
@rogoswamiDavid Ellison is bulking up his executive team with a big poach: Ynon Kreiz, formerly of Mattel, IS headed to the combined $WBD - $PSKY, sources tell @semafor, in a yet undefined senior role.
@DylanByersSCOOP: Ynon Kriez, the outgoing Mattel C.E.O., is joining Paramount-Warner Bros. Discovery in a very senior role, per two sources familiar. Ynon has told members of his board. Paramount spokesperson could not be reached, but one insider said landing Ynon is "proof that we should never underestimate David Ellison."
@PuckNewsRT @DylanByers: SCOOP: Ynon Kriez, the outgoing Mattel C.E.O., is joining Paramount-Warner Bros. Discovery in a very senior role, per two s…
@DEADLINEEx-Mattel CEO Ynon Kreiz In Line For High-Level Paramount Exec Post https://deadline.com/2026/09/paramount-mattel-ynon-kreiz-international-finance-1237143333/
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    14 Sources

    @katie_robertsonNEWS: Condé Nast CEO Roger Lynch is stepping down after more than 7 years
    @MarkStenberg3Breaking: Condè Nast CEO Roger Lynch is out at the company after seven and a half years, according to a memo he sent to employees this morning. He is leaving to become the new CEO of Mattel. Board member Mike Perlis will step in as interim CEO.
    @brianstelterHere is Roger Lynch's memo about stepping down from Condé Nast: Dear all, I’m writing with bittersweet news. After seven and a half years as your CEO, I have made the very difficult decision to step down and help begin a leadership transition for the company. Soon, I’ll be joining Mattel as their new CEO. When I joined Condé Nast, I had the simple ambition to leave this extraordinary place stronger than I found it. Together, we navigated a pandemic, enormous disruption across our industry, and a media landscape that seemed to change beneath our feet every year. And yet, there is no doubt that we transformed Condé Nast for a new era. We brought our global businesses together, built a unified company, and strengthened our journalism and creative work. One of the big areas of opportunity I saw when I joined the company was to expand our consumer and events businesses. Those of you who have been with Condé Nast for these last seven years have heard me talk about this focus many times. I’m particularly proud of how far we’ve come in these areas: since 2020, revenue from commerce grew by 170%, digital subscriptions by 155%, and US tentpole events increased ninefold. Through all of it, what has remained constant is the exceptional work produced and the brilliant team that has made it possible. I’ve never been more inspired in my career than when I’ve been with you. One particular highlight was starting our Middle East operations in Dubai, our first new office in 16 years. As we close the third quarter, the company is on track for another year of revenue and profit growth. New initiatives around digital products like Vette and events like Vogue World will fuel continued success. I intend to do everything I can to ensure that trajectory continues. In fact, I’m thrilled that I will continue in a role as a member of the Condé Nast Board of Directors and remain deeply invested in the company and its future. The board will begin a search for Condé Nast’s next CEO, and in the meantime, Mike Perlis, our lead independent director, will serve as interim CEO. Having served on our board for almost eight years, he is deeply familiar with our business and will work closely with our experienced executive leadership team throughout the transition. With the strength of that leadership and our deeply committed teams around the world, I’m confident the company will continue to thrive. We will soon hold a company meeting where you’ll have the opportunity to meet Mike and hear more about the transition. For now, I simply want to say how grateful I am. I could not be more proud of what we have accomplished. I have every confidence in your ability to continue building on the foundation we have created together. My best, Roger
    @VarietyMattel Hires Condé Nast’s Roger Lynch as CEO, Ynon Kreiz to Exit for New Job https://variety.com/2026/tv/news/mattel-ceo-roger-lynch-ynon-conde-nast-kreiz-1236893404/
    @THRMattel CEO Ynon Kreiz May Be Heading to David Ellison's Paramount-Warner Bros. https://www.hollywoodreporter.com/business/business-news/david-ellison-names-ynon-kreiz-paramount-warners-1236716995/
    @dollyknifeWhy do we find this out thru variety on a random ass wednesday
    @rogoswamiDavid Ellison is bulking up his executive team with a big poach: Ynon Kreiz, formerly of Mattel, IS headed to the combined $WBD - $PSKY, sources tell @semafor, in a yet undefined senior role.
    @DylanByersSCOOP: Ynon Kriez, the outgoing Mattel C.E.O., is joining Paramount-Warner Bros. Discovery in a very senior role, per two sources familiar. Ynon has told members of his board. Paramount spokesperson could not be reached, but one insider said landing Ynon is "proof that we should never underestimate David Ellison."
    @PuckNewsRT @DylanByers: SCOOP: Ynon Kriez, the outgoing Mattel C.E.O., is joining Paramount-Warner Bros. Discovery in a very senior role, per two s…
    @DEADLINEEx-Mattel CEO Ynon Kreiz In Line For High-Level Paramount Exec Post https://deadline.com/2026/09/paramount-mattel-ynon-kreiz-international-finance-1237143333/
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